California Commercial Multiple Peril Insurance Profitability (2023)

In 2023, Commercial Multiple Peril insurers earned $6.8B in premiums in California and ran a 64.1% loss ratio — the 17th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

California loss ratio

64.1%

1.5% above national

Premiums earned

$6.8B

Underwriting profit

-11.9%

Nationally, Commercial Multiple Peril ran a 62.6% loss ratio in 2023, so California is above the national average. See how every state compares on the Commercial Multiple Peril market page.

Getting Commercial Multiple Peril coverage in California

See recent California rate filings on the California rate page, learn how Commercial Multiple Peril works in our Commercial Multiple Peril guide, then compare real quotes for your business.

Compare California Commercial Multiple Peril Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.